Northwest Iowa Symphony Orchestra

Analysis

Northwest Iowa Symphony Orchestra is a registered charity in United States, based in Sioux Center, IA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Northwest Iowa Symphony Orchestra reported income of $52k and spending of $82k, spending 159% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $56k to $52k (-7.4%), an average of -3.8% a year. The sharpest change came in the year to June 2024, when income dropped by 21%. Over the whole period it spent 138% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Northwest Iowa Symphony Orchestra sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within IA. Charities of a similar size with the same main cause include American Friends of Lativ ($52k), Syrian American Society Inc ($52k) and Aldewan Alarabi ($52k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.